After a serious currency devaluation in Egypt in 2016, price increases have started to shake down and the shortage of foreign capital has started to be resolved, mainly supported by IMF. The Egyptian government took action to improve the business environment through civil order enhancement and constitution of a new investment law. In Egypt, the construction industry, including the residential, com...

The South African Rand (ZAR) depreciated sharply at the beginning of 2017, which cooled market demand. This demand began to recover in the second half of the year, however, and was relatively stable d...

The African VRF market is very small, with only 9,600 units sold in 2017, owing to relatively low incomes and low purchasing ability. The main market is concentrated in South Africa, followed by Egypt...